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2012 year-end German law update

10 January 2013
| Updated:

In retrospect, 2012 likely will be remembered as another year of manifold challenges in the Eurozone and of slow consolidation rather than one of fundamental reform or renaissance. However, the policy of Mr Draghi, the chairman of the European Central Bank, appears to have stabilised the markets and the Euro since last summer, Germany’s economy is prospering and the stock markets are almost back to pre-2008 levels. Nonetheless, there are fundamental doubts that the measures taken have a lasting effect and will fundamentally reform the economies in the Eurozone. Consequently, the financial sector has not recovered yet and M&A activity is still relatively slow.

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On 23 October 2012, the United Arab Emirates enacted its Federal Competition Law (Federal Law No. (4) of 2012), which laid down new rules on anti-competitive agreements, merger control and abuse of dominance.